Vodafone Group (VOD) Shares Gap Down to $31.44

Vodafone Group Plc (NASDAQ:VOD)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $31.91, but opened at $31.44. Vodafone Group shares last traded at $31.44, with a volume of 3305337 shares changing hands.

A number of equities analysts have recently commented on VOD shares. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday, December 8th. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a report on Friday, October 27th. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, November 17th. Goldman Sachs Group reissued a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. Finally, BidaskClub cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Vodafone Group currently has an average rating of “Buy” and an average target price of $32.14.

The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be paid a $0.5642 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a yield of 3.68%.

A number of institutional investors and hedge funds have recently made changes to their positions in VOD. Fisher Asset Management LLC increased its stake in Vodafone Group by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock valued at $706,505,000 after buying an additional 1,121,862 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Vodafone Group by 47.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after purchasing an additional 975,277 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Vodafone Group by 21.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after purchasing an additional 569,025 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Vodafone Group by 153.7% during the 3rd quarter. First Trust Advisors LP now owns 819,323 shares of the cell phone carrier’s stock worth $23,318,000 after purchasing an additional 496,431 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Vodafone Group by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock worth $162,077,000 after purchasing an additional 467,200 shares in the last quarter. 10.23% of the stock is currently owned by institutional investors.

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Vodafone Group Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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